New York City-based Wheels Up, a private member-based aircraft operator, today said it was adding Travel Management Company (TMC) to its portfolio. The acquisition is responding to the increasing demand from Wheels Up members for high-quality light jets that meet Wheels Up’s stringent safety and operational standards. TMC is the largest wholesale-focused light jet operator in the U.S. operating an owned and leased fleet of Hawker 400XP aircraft across North America. TMC’s fleet of 26 Hawker 400XP aircraft will complement Wheels Up’s current fleet of 93 aircraft.
Wheels Up Network Grows With New Acquisition
Key Takeaways:
- Wheels Up acquired Travel Management Company (TMC), the largest wholesale-focused light jet operator in the U.S.
- The acquisition aims to address the increasing demand from Wheels Up members for high-quality light jets that meet stringent safety and operational standards.
- TMC's fleet of 26 Hawker 400XP aircraft will complement Wheels Up's existing fleet, and TMC will continue to operate as an independent subsidiary.
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